June 25, 2020
DAILY BRIEF: Photonics in Joensuu, circular economy, industry and responsible startups
A new photonics center will launch in Joensuu next year to create new business opportunities in the region.
All the daily Finnish business news that works: Huhtamaki, Valmet, Metso, Joensuu and Slush make headlines.
Huhtamaki co-launches a new circular economy startup programme, Valmet and Metso win orders worldwide, a new photonics centre is opening in Joensuu, and Slush accelerates healthcare startups and takes steps to redefine entrepreneurship.
Finnish food packaging company Huhtamaki and US-based non-profit Food System 6 have joined forces to launch a new programme to support entrepreneurs building circular economy. The Huhtamaki Circular Economy Startup Program by Food System 6 will target young and promising early-stage companies developing sustainable solutions across the food system value chain, in areas such as waste diversion, sustainable packaging alternatives, new materials innovations and regenerative production models. The programme provides advice, mentorship and 300 000 US dollars in equity-free grants to the companies.
Finnish company Valmet will provide an advanced process control solution and services to Asia Symbol Shandong Pulp and Paper in China. Valmet’s process control solution will be installed on the Chinese company’s pulp line recovery boiler, which will enable the company to reduce operating costs, eliminate process variations, optimise control and improve production efficiency. The deal also includes a service agreement for Valmet analysers already installed on the pulp line in question.
Metso will deliver pressure filters and supporting equipment for dry tailings processing to Gold Field’s Salares Norte project in Chile. The project presents unique challenges as it is located almost five kilometres above sea level in the Andean Mountains. Metso’s solutions will help to minimise the use of water and improve the stability and sustainability of the project. Due to the high altitude, Metso will also semi-assemble the filters before delivering them to the gold mine.
A new photonics centre will be opened in 2021 in Joensuu, Eastern Finland, to create new business opportunities and attract both Finnish and international companies to the region. The goal is that by 2030 the photonics sector will employ some 1 000 people and generate a turnover of 200 million euros in the Joensuu area. The area is already renowned for its photonics education and research, and now investment activities are also focusing on commercialisation and business growth. The centre is a collaborative effort of the City of Joensuu, Business Joensuu, University of Eastern Finland and other regional universities and organisations.
Slush has announced a partnership with biopharma giant AstraZeneca, as it walks the talk on its vision for redefined entrepreneurship based on purpose, diversity and collaboration. Read our full report by clicking the headline.
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